Archived News for Tax & Accounting Professionals

Experts expect Massachusetts economy to improve in 2014

The Bay State's economy will grow slowly this year before bouncing back in 2014, while the state's unemployment rate is poised to fall to 5.2 percent by the last quarter of 2017, according to an economic forecast released today by the New England...

News • May 25th, 2013

Minnesota hotels and resorts expecting strong summer season

Explore Minnesota says that higher gas prices aren't likely to waylay travel spending in the state.

News • May 25th, 2013

Kansas Legislators clash on tax negotiations

Negotiations between House and Senate Republicans over tax-cutting proposals crashed Thursday morning as Senate leaders moved ahead to potentially vote on a new plan that House leaders say they haven't seen yet.

News • May 25th, 2013

Los Angeles mayor's office: Both sides expect smooth transition

Los Angeles Mayor Antonio Villaraigosa began the formal transition of power to his successor on Thursday, hosting Mayor-elect Eric Garcetti for breakfast at Getty House where he told reporters that the city councilman had his "full support."

News • May 25th, 2013

New Hampshire Senate nixes tobacco & gas tax hikes

In what a key lawmaker called "retribution" for casino gambling being killed by the House, the state Senate Thursday killed the House-passed 67 percent hike in the state's gasoline tax.

News • May 25th, 2013

CPA kidnapped, held for ransom and tortured for a month in New York

A Queens, New York, CPA was snatched from a New York City street in broad daylight and held captive for more than a month in a warehouse where he was bound and burned with acid while being held for a $3 million ransom his family back in Ecuador did...

News • May 23rd, 2013

Cities raising fees instead of taxes

Some municipalities along South Carolina's Grand Strand have begun to look at fee increases as a way to bolster revenue while keeping residents' property tax rates steady.

News • May 23rd, 2013

Questions linger on Fla. Gov. Scott's ties to insurance lobbyists

Two months after contributing $110,000 to Gov. Rick Scott's reelection campaign, an upstart property insurance company is likely to reap a $52 million windfall, paid from the coffers of Citizens Property Insurance Corp.

News • May 23rd, 2013

U.S. Senate votes to cut farm insurance subsidies

The amendment by Sens. Dick Durbin, D-Ill., and Tom Coburn, R-Okla., would reduce the government's share of crop insurance premiums for farmers with adjusted gross incomes of more than $750,000. It was approved 59-33.

News • May 23rd, 2013

IRS official who "took the Fifth" ousted from position at agency

Moving quickly to stem a raging controversy, the new acting head of the Internal Revenue Service started cleaning house Thursday by replacing the supervisor who oversaw agents involved in targeting tea party groups.

News • May 23rd, 2013

'Tax Free New York' offers 10 years of zero sales, property & business taxes to new Upstate companies

New businesses would operate completely tax free for 10 years, including no income tax for employees, as well as no sales, property or business taxes.

News • May 23rd, 2013

IRS announces third quarter 2013 interest rates

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

News • May 23rd, 2013

Some employers challenge contraception mandate in healthcare law

Hobby Lobby Stores Inc. is challenging the part of the federal health care law that requires for-profit companies to offer employees health coverage that includes products the business owners find morally objectionable, such as certain types of...

News • May 23rd, 2013

Ohio companies set to create 1,108 new jobs

Ohio Governor John Kasich announced Tuesday the approval of assistance for 10 projects set to create more than 1,100 jobs and retain 21,264 jobs statewide.

News • May 23rd, 2013

Audit of Seattle schools finds trouble with federal grant spending

May 23--Seattle Public Schools may have to repay as much as $490,000 to the federal government because state auditors say the district did not spend some of its federal grant money appropriately in the 2011-12 school year. The auditors, in one of...

News • May 23rd, 2013

Archives

Sign Up

Most Popular